This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Increasing adoption of acai berry in cosmetics industry for production of organic cosmetics, owing to increasing consumer awareness of various health benefits is a major factor expected to fuel revenue growth of this market over the forecast period. In addition, rising demand for premium cosmetics and personal care products is a key factor expected to drive growth of the global market over the forecast period over the forecast period. Furthermore, increasing demand for acai berry in health supplements is another factor expected to further fuel growth of the target market over the forecast period. For instance, according to the Government of Canada, 38.3% males and 52.6% females used at least one nutritional supplement in Canada in 2015. Moreover, increasing health consciousness among individuals and changing living standard are other factors expected to propel growth of this market in the near future.

However, high cost is a key factor expected to restrain growth of the global market over the forecast period.

Ongoing trend observed in the target market is increasing adoption of acai berry in natural and organic cosmetics and this trend is expected to continue over the forecast period.

Increasing development of new products which includes acai berry are expected to create various opportunities for players operating in this market over the forecast period.

The market in North America is expected to dominate the target market in terms of revenue over the forecast period, owing to rising incidence of cardiovascular diseases in various countries in this region. The market in Asia Pacific is expected register significant growth in terms of revenue over the forecast period, owing growing number of pharmaceutical and cosmetics industries in various countries in this region. For instance, according to Indian Brand Equity Foundation (IBEF) – pharmaceutical industry is third-largest industry in India in terms of volume and accounted for around 20% of the global pharmaceutical industries in 2017.

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